Word: pension
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Although the average Government pension is a modest $12,000 a year, on Capitol Hill, at least, retirement sometimes beats working. According to a study released last week by the National Taxpayers Union, the annual pensions of 138 former members of Congress are higher than their salaries were in their final year of Government service. Five receive more than the current congressional salary of $72,600, including retired House Speaker Carl Albert of Oklahoma, who pockets $87,864 a year. Former Congressmen Richard Nixon and Gerald Ford are paid $30,816 and $64,800 respectively, in addition to their presidential...
...mother's life. "I have been blessed with the gift of faith," she explains. "But others have not. I have no right to impose my beliefs on them." She championed the Equal Rights Amendment, and considers herself a feminist. She sponsored legislation that would help women in private pension plans by lowering the age at which a woman becomes vested; an amendment permitting wives to set aside the same amount in IRA accounts as their husbands; and a measure to give better pension rights to women who become widows or divorcees at younger ages than now provided...
...charter expires next April, and it has decided to sell its holdings in Redditch to a single buyer rather than auction them off piecemeal. A dozen secret bids have come in from land-development companies, construction firms and pension funds. The price is expected to be nearly $100 million, or $130 million...
Nonetheless, banks, pension funds and other lenders dazzled by the gains being made in leveraged buyouts have been rushing to assemble billion-dollar cash pools to be used for the deals. That will make more loans available to buyers who actually make the buyouts. Even small investors will soon be able to get into the game. The brokerage house of Dean Witter Reynolds plans to offer a leveraged buyout fund that will allow individuals to participate for as little...
...named French dele gate-general in Algeria when De Gaulle came to power in 1958. De Gaulle proceeded toward independence and ousted Salan, who later went underground. Captured in 1962 and sentenced to Life in prison, he was pardoned by De Gaulle in 1968; his rank and pension were restored two years...